Greenply Industries Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 13, 2023 at 10:02 am
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Greenply Industries Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 4,281.86 million compared to INR 4,210.63 million a year ago. Revenue was INR 4,312.54 million compared to INR 4,237.58 million a year ago. Net income was INR 360.43 million compared to INR 298.23 million a year ago. Basic earnings per share from continuing operations was INR 2.93 compared to INR 2.43 a year ago. Diluted earnings per share from continuing operations was INR 2.91 compared to INR 2.42 a year ago.
For the nine months, sales was INR 13,764.71 million compared to INR 11,142.5 million a year ago. Revenue was INR 13,825.22 million compared to INR 11,210.4 million a year ago. Net income was INR 803.65 million compared to INR 657.54 million a year ago. Basic earnings per share from continuing operations was INR 6.54 compared to INR 5.36 a year ago. Diluted earnings per share from continuing operations was INR 6.48 compared to INR 5.36 a year ago.
Greenply Industries Limited is an interior infrastructure company. The Company is primarily involved in manufacturing of plywood and trading of plywood and allied products. The Companyâs product offerings include plywoods and blockboards, decorative veneers, flush doors, specialty plywood, and polyvinyl chloride (PVC) products. It offers an array of plywoods and blockboards under the brand names of Green, Optima G, Ecotec, Bharosa Ply and Jansathi. The Company offers a range of decorative veneers under the brand names of Wood Crrests, Royal Crown, Kohl Forest, Burma Teak, and Engineered Veneers. The Company also offers various types of flush doors under the brand names of Green, Optima G, and Ecotec. The Company produces specialty plywood for a variety of requirements, ranging from automobiles, railways to construction-specific uses for building structures. The Company markets PVC boards, doors, and plastic sections under the Green Ndure brand.